KLX Energy Services (NASDAQ:KLXE) Shares Down 3.4% – Time to Sell?

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) traded down 3.4% on Tuesday . The stock traded as low as $4.28 and last traded at $4.32. 32,386 shares were traded during trading, a decline of 80% from the average session volume of 164,867 shares. The stock had previously closed at $4.47.

KLX Energy Services Stock Performance

The stock has a fifty day simple moving average of $5.25 and a two-hundred day simple moving average of $5.56. The company has a debt-to-equity ratio of 105.76, a quick ratio of 1.08 and a current ratio of 1.24. The stock has a market cap of $74.35 million, a price-to-earnings ratio of -1.49 and a beta of 2.12.

KLX Energy Services (NASDAQ:KLXE) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.08. The business had revenue of $188.90 million for the quarter, compared to analyst estimates of $181.60 million. KLX Energy Services had a negative return on equity of 244.12% and a negative net margin of 6.45%. Analysts expect that KLX Energy Services Holdings, Inc. will post -2.83 EPS for the current fiscal year.

Institutional Trading of KLX Energy Services

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its position in KLX Energy Services by 89,460.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 8,956 shares of the company’s stock valued at $44,000 after purchasing an additional 8,946 shares during the last quarter. American Century Companies Inc. raised its holdings in KLX Energy Services by 12.5% in the 2nd quarter. American Century Companies Inc. now owns 177,965 shares of the company’s stock valued at $881,000 after buying an additional 19,744 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in KLX Energy Services by 90.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 26,215 shares of the company’s stock valued at $130,000 after buying an additional 12,485 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in KLX Energy Services during the 2nd quarter worth approximately $156,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in KLX Energy Services during the 2nd quarter worth approximately $84,000. Institutional investors and hedge funds own 42.69% of the company’s stock.

KLX Energy Services Company Profile

KLX Energy Services Holdings, Inc provides drilling, completions, production, and well intervention services and products to the onshore oil and gas producing regions of the United States. The company operates through three segments: Southwest, Rocky Mountains, and Northeast/Mid-Con. It provides directional drilling services; downhole navigational and rental tools businesses and support services, including well planning, site supervision, accommodation rentals, and other drilling rentals; and various technologies, including gamma ray, azimuthal gamma ray, real-time continuous inclination and azimuth, rotary steerable, pressure-while-drilling, mode shifting, stick-slip and destructive dynamics, dynamic sequencing and real-time shock, and vibration modules.